She still expected USA and global monetary policy to remain accommodative and that the economic outlook is uncertain. She declined to make any comment on specific tax and sending policies, but reiterated the importance of improving the longer-term pace of economic growth through stronger productivity growth.

The Fed chair gave an upbeat assessment of the United States economy and signaled the central bank could raise short-term interest rates at its next policy meeting in March. There is talk of waiting too long on the interest rate hikes but there is really no mention of how the Fed will handle its $4 trillion or so balance sheet.

Yellen said delaying rate increases could leave the Fed's policymaking committee behind the curve and eventually lead it to hike rates quickly, which she said could cause a recession.

Asked during Tuesday's U.S. Senate hearing if there's any truth to claims that banks aren't lending, Yellen said an "extremely low number" of small businesses complained of access to credit as their main problem. Also notable was Yellen's decision to back away from the "room to run" message she stressed at times previous year, despite the modest increase in the unemployment rate.

More interest-rate hikes may be on the way if inflation keeps rising and labor markets continue to tighten.

Reds trading second baseman Brandon Phillips to Braves
Angel Pagan is still a free agent, as is the indefatigable Juan Uribe - the latter while sitting on 199 career home runs. He appeared to be penciled in as the team's everyday second baseman thus the quick acquisition of Phillips.

NY graduation rate up slightly in 2016
Click through the data to find out the kinds of diplomas each school handed out and how many students dropped out. New York City's graduation rate increased by more than 2 percentage points a year ago , to 72.6 percent.

The central bank in December projected three rate hikes this year. In December, the Fed raised interest rates for the second time in almost a decade, to its current range of between 0.5 percent and 0.75 percent. That's about double the average growth rate of C&I loans since the FDIC first began collecting the data back in the mid-1980s.

Although Trump criticized the Fed during the campaign for keeping rates near zero, allegedly to help then-president Barack Obama, he is unlikely to look favorably on higher rates that would crimp economic growth and investment.

US equities overall are melting higher again on Tuesday, but not all stocks in the market are participating. The total personal consumption expenditures index gains of 1.6% in the 12 months ending in December was still below Federal Open Market Committee's (FOMC's) 2% objective, but it was up a percentage point from its pace in 2015. Yellen has been a staunch defender of the law.

Although, Yellen did caution if wage developments had much "direct effect" on inflation, and further noted that food/energy prices have been very volatile.

Sen. Warren also prompted Yellen to comment on an assertion by top Trump economic advisor Gary Cohn, and former Goldman Sachs top banker, that banks, as a result of Dodd-Frank, have been forced to hold larger reserves that can not be leant to borrowers. With a Republican in the White House, those efforts now stand a greater chance of success. With Governor Tarullo, a notable dove, departing the board, we might see Washington increasingly eager for a hand in the impending Fed merry-go-round and policies taking a cautious turn as a result.

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Tsai said the authorities must "make all efforts to save the injured and properly handle the aftermath of the crash". Twenty-four tourists from mainland China were killed in a bus fire in Taiwan a year ago .

This way, you can distinguish between the places that you've visited and the places that you would like to see some day. Google Maps users can add a place to a list by tapping their chosen venue and hitting the Save option.

Chrissy Teigen and John Legend held it down in all demure all-black ensembles. "Okay, he's taking it off..." "I don't know. Teigen's hilarious documentation of her evening certainly jibed well with the social media queen's followers.

Much of the fake news controversy has focused on Facebook , where in recent months fabricated stories have become wildly popular. The company was reported to hire some people in the AR domain, and now Tim Cook talked about this.

In this interview with the Official Xbox Magazine (UK), he further added blades as one of the craftable melee weapons. Michael Gamble, Mass Effect Andromeda Producer, gave some of his insights in the story regarding the upcoming game.

Prince was found unresponsive in an elevator of his Chanhassen, Minnesota home, and was later pronounced dead at the age of 57. Bruno Mars Instagram photo shows the white colored Cloud Guitar stacked up against a background of Mars concert equipment.

Four were taken to a hospital for injuries that were not life-threatening and the rest declined to be transported, said Sgt. The blaze broke out in a auto park - which holds 10,000 vehicles - in the California park, on Monday (Fenruary 13).

Arsenal were awarded a penalty in the dying minutes of the game after a handball from Sam Cluclas that prevented an Arsenal goal. DF Kieran Gibbs, 6 - Afforded a run-out ahead of Nacho Monreal, Gibbs was given a tricky afternoon's work by Markovic.

A Pakistani naval official said warships from Russia, China and the United States have arrived to take part in the exercise. The five-day exercise codenamed Aman 17 began off the coast of Karachi with the participation of 37 countries.

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Valentine's Day Treats and Sales
Carl Cassidy, owner of Lola's Gifts and Flowers in Sheffield, placed orders to vendors almost a month ahead of time. "I saw the idea on Facebook and thought such a gift was very unique", she said.

Al Jarreau: Seven-time Grammy-winning jazz singer dies at 76
Multiple sources are reporting seven-time Grammy-winning Jazz musician Al Jarreau has died of unknown causes at the age of 76. Nicknamed the "Acrobat of Scat", Jarreau released more than 20 albums throughout his career, according to his website .

Powerful winter storm pounds Northeast US
The state's court system also closed for the day. "You can reschedule that meeting for next week", Stallworth said. The quick moving storm is affecting over 50 million people as it makes it way up the eastern seaboard.

Sunny and hot Saturday / Cooler Sunday
Light and variable wind becoming east southeast 5 to 10 miles per hour in the morning. - Sunny Wednesday with a high near 49. Overnight, the showers will wear off, and we will have mostly cloudy skies with the lows in the middle 60s.